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ABA RELEASES REAL ESTATE LENDING SURVEY

WASHINGTON, DC - March 27, 2012 - (RealEstateRama) -- The increasing regulatory burden, growing compliance costs and ambiguity over rules still in the pipeline left real estate lending conditions mostly unchanged from the previous year, according to the American Bankers Association’s 19th annual Real Estate Lending Survey.

MBA Selects 35 Real Estate Finance Professionals for Future Leaders Program Class of 2012

Washington, D.C. - March 26, 2012 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today announced the selection of 36 mortgage professionals into its CampusMBA’s Future Leaders Program, an executive leadership development program that delivers a comprehensive curriculum for middle- and senior-level managers. Participants enhance their skills through three hands-on sessions geared toward political engagement; business analysis and problem solving; and experiential learning through collaboration, networking and peer group interaction

CampusMBA Teams with The Lincoln Leadership Institute at Gettysburg (LLI) to Offer Unique Leadership...

WASHINGTON, D.C. - March 23, 2012 - (RealEstateRama) -- CampusMBA, the award-winning education division of the Mortgage Bankers Association (MBA), today announced it is teaming up with The Lincoln Leadership Institute at Gettysburg (LLI) to offer a unique and innovative team and leadership development program, A Transformational Journey from Gettysburg, a comprehensive on-site training program which uses the Battle of Gettysburg as a metaphor to address current real estate finance industry challenges.

GoFightForeclosure.com Exposes Underhanded Foreclosure Tactics Used To Get Homeowners To Vacate

Atlanta, GA - March 23, 2012 - (RealEstateRama) -- GoFightForeclosure.com announced today underhanded foreclosure tactics used to get homeowners to vacate. Exposing that when it comes to foreclosure mortgage lenders will use deceptive business practices so that homeowners will simply just up and leave.

Mendham RLS Realtors Office Hires New Broker-Manager

MENDHAM, N.J. - March 22, 2012 - (RealEstateRama) -- RLS Realtors, Real Living®, a full-service brokerage offering real estate, relocation, mortgage and title services in Morris and Somerset Counties, today announces Sarah “Sally” Smith has been h...

REAL ESTATE MORTGAGE NETWORK, INC., EXPANDS IN THE ATLANTA AREA WITH THE ADDITION OF...

ATLANTA, GA - March 22, 2012 - (RealEstateRama) -- Real Estate Mortgage Network, Inc. (REMN), one of the largest, privately held non-bank lenders in the US, is pleased to announce a new addition to their Atlanta area team in Duluth, GA. Effective immed...

FTC Legal Action Halts Alleged Mortgage Relief Scammers Who Lured Homeowners with Bogus Claims

WASHINGTON, D.C. - March 22, 2012 - (RealEstateRama) -- At the request of the Federal Trade Commission, a U.S. district court has halted an operation that took in more than $1 million by allegedly selling homeowners bogus mortgage relief and foreclosure rescue products, including a scam that falsely promised to get help for homeowners who joined others to file so-called “mass joinder” lawsuits against their lenders. This is the FTC’s first case against alleged scammers who pitch these kinds of lawsuits.

First Bank Mortgage Selects Ellie Mae® Encompass360®

PLEASANTON, CA - March 21, 2012 - (RealEstateRama) -- Ellie Mae® (NYSE Amex: ELLI), a leading provider of enterprise level, on-demand automated solutions for the residential mortgage industry, today announced that First Bank Mortgage of Augusta, GA, a division of First Bank of Georgia, has selected Encompass360® as its mortgage management solution. In 2011, First Bank Mortgage originated more than $400 million in mortgages through its retail branches and 60 correspondent lenders.

Interest Rates Highest Since December, Applications Decrease in Latest MBA Weekly Survey

WASHINGTON, D.C. - March 21, 2012 - (RealEstateRama) -- Mortgage applications decreased 7.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 16, 2012.

Survey Shows Banks Should Cut Mortgages

Destin, FL - March 20, 2012 - (RealEstateRama) -- Banks and mortgage lenders should slash the balance on mortgages owed by all homeowners in light of the housing crisis blamed heavily on U.S. bankers, according to a new Housing Predictor survey.

FHFA Publishes Final Rule on Private Transfer Fees

Washington, DC - March 19, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) has sent a final rule to the Federal Register on private transfer fees. The final rule limits Fannie Mae, Freddie Mac and the Federal Home Loan Banks from dealing in mortgages on properties encumbered by certain types of private transfer fee covenants and in certain related securities. Transfer fees are contractual arrangements where an owner pays a fixed amount or a percentage of the sales price at the time of transferring the property.

Las Vegas Short Sale Info – Lois Lee Greer Short Sale Expert

Las Vegas, NV - March 19, 2012 - (RealEstateRama) -- According to the Associated Press, the bleakest year in the foreclosure crisis has only just begun. Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown...

Treasury Completes Wind Down of Mortgage-Backed Securities Investment, Generates $25 Billion Positive Return for...

WASHINGTON, DC - March 19, 2012 - (RealEstateRama) -- The U.S. Department of the Treasury announced the completion of the orderly wind down of its agency-guaranteed mortgage-backed securities (MBS) portfolio, which it acquired as part of its response to the financial crisis. Overall, Treasury’s MBS portfolio generated a positive return of $25 billion for taxpayers.

Lawyers’ Committee & Partners File Suit for Mortgage Rescue Scam Targeted at Hispanics

WASHINGTON, D.C. - March 15, 2012 - (RealEstateRama) -- On March 6, 2012, K&L Gates, LLP, the national Lawyers’ Committee for Civil Rights Under Law (Lawyers’ Committee), and the Washington Lawyers’ Committee for Civil Rights and Urban Affairs (Washington Lawyers’ Committee) filed a lawsuit on behalf of a Woodbridge, Virginia couple who have been victimized by mortgage rescue scammers that allegedly prey on vulnerable homeowners by targeting Hispanics in Northern Virginia. As a result of the alleged scam, the couple has lost title to their home and thousands of dollars.

Register Today for MBA’s 2012 National Fraud Issues Conference

WASHINGTON, D.C. - March 15, 2012 - (RealEstateRama) -- MBA's National Fraud Issues Conference 2012 is the one forum each year where industry professionals can learn about the issues related to the growing incidence and complexity of mortgage fraud. Hear from industry experts as they review the current status of the industry, law enforcement and government’s efforts in combating mortgage fraud

Mortgage Applications Decrease in Latest MBA Weekly Survey

WASHINGTON, D.C. - March 14, 2012 - (RealEstateRama) -- Mortgage applications decreased 2.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 9, 2012.

Commercial/Multifamily Mortgage Debt Outstanding Flat in 4th Quarter; Down 0.6 percent in 2011

Washington, DC - March 14, 2012 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding was essentially unchanged in the fourth quarter of 2011, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association (MBA). On a year-over-year basis, the amount of mortgage debt outstanding at the end of 2011 was $14 billion lower than at the end of 2010, a decline of 0.6 percent.

Attorney General Bondi Announces Court Filings in $25 Billion National Mortgage Servicing Settlement

TALLAHASSEE, FL - March 13, 2012 - (RealEstateRama) -- Attorney General Pam Bondi today announced that she, 48 other attorneys general, the District of Columbia and the Department of Justice filed a complaint and proposed consent judgments requiring th...

Schuette Issues Second Subpoena in Criminal Probe of Mortgage Processors

LANSING, MI - March 13, 2012 - (RealEstateRama) -- Michigan Attorney General Bill Schuette today announced that he has issued a second criminal investigative subpoena against national mortgage servicing support provider DocX as his office continues to ...

SEC Charges Three Mortgage Executives With Fraudulent Accounting Maneuvers in Midst of Financial Crisis

Washington, D.C. - March 13, 2012 - (RealEstateRama) -- The Securities and Exchange Commission today charged the senior-most executives at formerly one of the nation’s largest mortgage companies with hiding the company’s deteriorating financial condition at the onset of the financial crisis. The plan backfired and the company lost 90 percent of its value in two weeks.